Giving everyone 5k would more meaningfully improve birth rates than asking educated young people worried about their future childrens' standard of living to take a leap for the cost of one small medical emergency.
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I can't tell if sarcasm or not. But no this won't do anything.
Russia/Asian countries do this already it has barely any effect at all. Again it comes down to both money and culture. Can't throw money at a problem without changing the culture you're just half assing it.
5000 is genuinely nothing when it comes to raising a child.
How the fuck much are they making that it is still worth it after taking $40k off the top?
It's probably in NYC or San Fran if that's for one kid. Both parents could reasonably make 100-200k around there.
Sadly, I could see this convincing people desperate enough for cash...
Those poor fucking kids.
I saw ads before Christmas incentivizing people to refinance car loans and get cash in hand :<
Do we get to choose how it’s distributed? Here are some fun options I came up with.
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$13.69 per day for a year. (Nice). About $419/month. Maybe they could round up to $420 because they stale internet meme culture is hip
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$0.76 per day for 18 years. A guaranteed $22.80 per month for an entire childhood
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$5000 lump sum. I can’t find any widely accepted figures for average out of pocket cost of prenatal care, child birth, and infant health visits. I’ll wild ass guess it a at covering 20-75% of those visits for people who have insurance. For people without insurance, looks like an uncomplicated vaginal birth averages $14k. But again huge variations in price
He is rich and has no reference for the price of everyday items
It's one year of daycare, Michael. What could it cost? $5000?
What’s stopping communal childcare from becoming a thing again? This is how working parents did it for thousands of years.
The grandparents who would have been available to watch the children are still working at 65 because they can't afford to retire.
Well luckily this won’t be a problem since we won’t have the money, space of career stability to have kids until we’re 40 anyway. By then they’ll have no choice but to retire.
I imagine a mix of the already diminished size of extended family units, and the liability implications if it's outside your own family unit.
You're essentially just describing an unlicensed daycare if it's not a family member, and those exist.